MICHAEL Samson a Research Director at South Africa’s Economic Policy Research Institute

BIG ‘affordable’ despite economic downturn

Tujoromajo Kasuto MICHAEL Samson, a Research Director at South Africa's Economic Policy Research Institute (EPRI), says a universal (Basic Income Grant) BIG during an economic crisis is affordable because the cost depends on a number of factors, including the benefit size, how delivery interacts with other grants, and the financing approach. According to him, the most important cost is the net cost after accounting for the tax system's recovery. He also points out that the overall tax burden is fully decided by the amount of money shifted from net payers to net receivers. “Previous costing exercises suggest that the cost…
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